Toys R Us will spend $277 million over four years to create combined Toys R Us and Babies R Us stores that also serve as interactive spaces, according to court filings. The retailer, which plans to shutter underperforming locations as part of its bankruptcy filing, aims to turn remaining stores into spaces with room for play, parties and new product demonstrations.
Crocs is seeing results from a four-year turnaround plan that resulted in 160 store closures and a focus on the footwear brand's signature clog. The shoes are making a comeback with new colors and prints that are winning over consumers seeking a balance between fashion and comfort, CEO Andrew Rees said.
Kroger banner Harris Teeter has teamed with omnichannel platform provider Myxx to roll out a website that allows customers to look for recipes and populate shopping lists from the recipes they find. The new site also lets shoppers send the recipe-based grocery lists to Harris Teeter's ExpressLane e-commerce service and place orders for in-store pickup or delivery.
Kroger will launch an initiative to address hunger, which affects about 42 million Americans, and the approximately 72 billion pounds of food wasted in the US each year, the company said Tuesday. Through Zero Hunger | Zero Waste, Kroger will set the goal of ending hunger in its communities and achieving zero food waste across the company by 2025, with the effort including a $10 million innovation fund, more food donations, better quality donations and advocacy for anti-hunger policies.
Target has historically avoided playing music in its stores, but a 2011 test at one store revealed customers and employees enjoyed the perk. The retailer has since added the feature at new urban stores and it will now incorporate music at existing locations as part of a massive remodeling project, spokeswoman Kristy Welker said.
Apple's iOS 11 is now available for all compatible iPads and iPhones, and it includes updates to the App Store and to Siri, Apple's virtual assistant. Siri has been redesigned to allow for rapid translation and a more natural voice, while the App Store was reorganized to better differentiate between apps and games.
Target has appointed 27-year veteran Tammy Redpath as president of Target India. Redpath will be based in Bengaluru, where the extension of Target's US headquarters employs around 2,600 people in several areas, including marketing, technology and finance.
Walmart won't hire temporary staffers this season and instead will offer existing employees the chance to earn more during the busy holiday weeks, the retailer said. The company employs about 1.5 million people in the US, and beefed-up training programs have prepared them to meet holiday-season demands, said Judith McKenna, Walmart's US chief operating officer.
Best Buy expects modest sales growth over the next five years, along with less cost cutting and more investments, as the retailer continues to compete with rivals including Amazon, CEO Hubert Joly said Tuesday. The electronics retailer expects annual revenue to hit $43 billion by 2021, from $39.4 billion in 2017.
Target and Walmart have added their voices to a growing group of US companies urging Congress to pass legislation that protects immigrants covered under the Deferred Action for Childhood Arrivals law. Almost 800 companies have signed a letter calling for permanent replacement for DACA.
- Page 1